Intersections At The Buckhorn 2.0 Gold Project

VANCOUVER - Adamera Minerals Corp. has identified a new gold zone on the VTEM-1 target at the Buckhorn 2.0 Gold Project in Washington State. Drill hole BM22-02, an angled hole drilled from west to east, intersected shallow gold zones on each side of a massive magnetite skarn. The upper western zone returned 3.8 g/t gold over 1.2m from 12.8m to 14m downhole.  The lower eastern zone yielded 4.0 g/t gold over 1.6m from 22.8m to 24.4m depth. The magnetite unit itself has elevated gold values.

“I certainly don’t under-estimate the significance of this new mineralization. BM22-02 intersected gold zones very close to surface leaving a significant strike length for follow up drilling. VTEM1 will be ranked with other targets as we design our follow up program,” said Mark Kolebaba, President and CEO.

In the upper zone, gold is associated with brecciated skarn containing silica, sulfide and magnetite infill. Both zones appear to have undergone late-stage gold enrichment.  Significantly, the BM22-02 intersections fall within a well defined magnetic target associated with VTEM-1 . The magnetic anomaly is traceable for several hundred meters and is well defined for  follow up drilling.  

Geophysical modeling of data associated with VTEM-1 generated a conductive steeply-dipping tabular zone suggestive of sulfides within a magnetite skarn. The Buckhorn gold mine, located 700m from VTEM-1, is a gold-rich skarn with magnetite and sulfides that has a comparable geophysical signature.

Trace element geochemistry is pending for drill hole BM22-02. The Company has received results for other targets and is currently reviewing the data. Drilling at Lamefoot South is currently underway.